Where are the opportunities for Vietnam's digital production ecosystem?

Vietnam’s digital firms need a reasonable legal framework and a level playing field where they can compete against multinational groups with big money and modern technology.

In early September 2018, the Ministry of Information and Communications (MIC) officially set the goal of developing a digital ecosystem in Vietnam, affirming that the ecosystem will play an important role in promoting the sustainable socio-economic development and contribute to ensuring national defense and security.

Where are the opportunities for Vietnam's digital production ecosystem?


Five groups of products and services will be developed, with the focus on information searching products, social networks, web browser, operating systems and anti-malware software.

MIC’s view is that Vietnam’s ecosystem must be developed and provided by Vietnam’s firms and operates in accordance with the market rules. The State will set the ‘rule of game’ with reasonable policies to encourage Vietnamese firms to create products for the ecosystem.

Vietnam has good products, such as web browsers (Coc Coc, Viettel Secure Browser, Chim lac – BKAV), operating systems (BOS on BPhone and VOS on VinSmart), anti-malwater software and security solutions of CMC Cyber Security, VIettel, BKAV, CyRadar, FPT and Vsec.

MIC’s view is that Vietnam’s ecosystem must be developed and provided by Vietnam’s firms and operates in accordance with the market rules. The State will set the ‘rule of game’ with reasonable policies to encourage Vietnamese firms to create products for the ecosystem.

As for social networks, in the the year 2019 witnessed the birth of two social networks – Lotus (VC Corp) and Gapo (G-Group), which strives to have 50 million users by the end of 2021. In the past, there were only two ‘purely Vietnamese’ networks (Zalo of VNG and Mocha of Viettel Media).

 


Commenting about the opportunity to develop five groups of products in the ecosystem, an internet and digital content expert said the problems associated with operating system, browser, search engine or social networking were solved more than a decade ago and the tools are 'perfect’ already.

“It is very difficult to invent a new wheel. And even if we can do this technologically, we will have to spend decades to change consumers’ behaviors,” he said.

Instead, Vietnam should focus on platforms, such as super-apps. Indonesia, for example, has Go-jek, while Malaysia has Grab and China, WeChat.

The expert also mentioned OTT TV, saying that the current laws create favorable conditions to create purely Vietnamese super apps.

Vietnam can start with a basic and essential service, such as watching TV on mobile phone, and then develop other services when gathering enough users. By doing this, Vietnam will be able to develop an ecosystem more easily.

“Vietnam went through many periods, from 2.0 web period to internet mobile. The next period will be the period of IoT, Big Data/AI, super app and the shift to the digital economy/society,” he said.

A report from VinaResearch showed that the average time of using social networks of Vietnamese people in 2018 was 2.12 hours on Zalo and 3.55 hours on Facebook a day. 

Ngoc Anh

Vietnam focuses on developing 5 groups of digital products

Vietnam focuses on developing 5 groups of digital products

Vietnam has experienced two periods of digital product development. Developing a digital ecosystem plays an important role in promoting sustainable socio-economic development.

Inclusive policies amid digital transformation

Inclusive policies amid digital transformation

Amid the Fourth Industrial Revolution, Vietnam is boosting efforts and policy reforms to build up a digital economy. 

 
 

Other News

.
Central Highlands targets 49.2 percent in forest coverage in 2030
Central Highlands targets 49.2 percent in forest coverage in 2030
SCI-TECH & ENVIRONMENTicon  22/06/2020 

The Central Highlands region aims to raise its forest coverage to 49.2 percent, and forest area to 2.72 million hectares by 2030.

Rare annular solar eclipse visible in Hanoi, Danang, Hung Yen
Rare annular solar eclipse visible in Hanoi, Danang, Hung Yen
SCI-TECH & ENVIRONMENTicon  22/06/2020 

Hanoi, the central city of Da Nang and Hung Yen city saw a rare annular solar eclipse occur on the afternoon of Jun 21, with residents in the capital being able to see the partial eclipse covering nearly 21% of the sun.

AI-based Vietnamese-language voice solutions launched
AI-based Vietnamese-language voice solutions launched
SCI-TECH & ENVIRONMENTicon  20/06/2020 

The Ministry of Information and Communications launched two Vietnamese-language speech-to-text generator VAIS and text-to-speech engine Vbee during a ceremony in Hanoi on June 19.

Dolphin stuns beachgoers at Cam Ranh Bay
Dolphin stuns beachgoers at Cam Ranh Bay
SCI-TECH & ENVIRONMENTicon  20/06/2020 

A large dolphin has paid a rare visit to the shallow waters of Cam Ranh Bay in the south central coastal province of Khanh Hoa.

Viettel among investors of new high-speed under-sea cable ADC
Viettel among investors of new high-speed under-sea cable ADC
SCI-TECH & ENVIRONMENTicon  20/06/2020 

The telecom giant Viettel on June 19 announced it is among the members of a consortium developing a high-performance under-sea cable connecting Vietnam, China, Japan, the Philippines, Singapore and Thailand.

Vietnam alliance of business for environment launched
Vietnam alliance of business for environment launched
SCI-TECH & ENVIRONMENTicon  20/06/2020 

For the first time in Vietnam, an alliance of business enterprises for environmental protection has been launched to tackle environmental issues in the country.

Facebook removes Trump ad over 'Nazi hate symbol'
Facebook removes Trump ad over 'Nazi hate symbol'
SCI-TECH & ENVIRONMENTicon  19/06/2020 

The tech giant says a campaign ad featuring a red triangle used in Nazi Germany violated its policy.

Zero-waste communities emerge in Hoi An
Zero-waste communities emerge in Hoi An
SCI-TECH & ENVIRONMENTicon  20/06/2020 

Reserving a 2,600sq.m garden in Dong Na Village in Cam Ha Commune – a farming intensive suburban area of Hoi An – local farmers and businesses have joined hands to debut the first zero-waste agriculture

‘Pay as you throw away’ could solve waste problems
‘Pay as you throw away’ could solve waste problems
SCI-TECH & ENVIRONMENTicon  19/06/2020 

It's common in Vietnam to see people throw garbage on a dumping area by the pavement, then collectors come to load the waste into garbage carts and transport to treatment areas.

US-China row moves underwater in cable tangle
US-China row moves underwater in cable tangle
SCI-TECH & ENVIRONMENTicon  18/06/2020 

In another sign of growing tension, a high-speed internet cable looks set to be blocked by the US.

Japanese team gives up project to revive Hanoi’s polluted river
Japanese team gives up project to revive Hanoi’s polluted river
SCI-TECH & ENVIRONMENTicon  18/06/2020 

The Hanoi Department of Construction has once again requested the team to show their legal documents, but so far the company has not responded to the request.

Three Vietnamese female scientists named among Top 100 Asian researchers
Three Vietnamese female scientists named among Top 100 Asian researchers
SCI-TECH & ENVIRONMENTicon  18/06/2020 

Three Vietnamese female scientists have been named among the 100 most outstanding researchers of the year, according to Singapore’s Asian Scientist Magazine.

sPhoton Chat: useful ‘virtual assistant’ for businesses’ internal affairs
sPhoton Chat: useful ‘virtual assistant’ for businesses’ internal affairs
SCI-TECH & ENVIRONMENTicon  22/06/2020 

Most ‘virtual assistants’ in Vietnam are chatbots that sell goods or take care of customers, but ePhoton focuses on reducing time for compliance activities at enterprises.

Facebook to let users turn off political adverts
Facebook to let users turn off political adverts
SCI-TECH & ENVIRONMENTicon  17/06/2020 

Facebook boss Mark Zuckerberg says users will be able to turn off political adverts on the social network in the run-up to the 2020 US election.

Flood and drought remain key challenges for Mekong region: Report
Flood and drought remain key challenges for Mekong region: Report
SCI-TECH & ENVIRONMENTicon  17/06/2020 

Extreme low flows and extensive flooding of different communities along the Mekong River last year and an increasing number of droughts that have occurred in many parts of the region in recent years

Tay Ninh establishes new Lo Go-Xa Mat National Park
Tay Ninh establishes new Lo Go-Xa Mat National Park
SCI-TECH & ENVIRONMENTicon  17/06/2020 

Vice Chairman of the Tay Ninh provincial People’s Committee Tran Van Chien has signed a decision on establishing a new Lo Go-Xa Mat National Park 

Large number of traps for hunting wild animals in Da Nang seized
Large number of traps for hunting wild animals in Da Nang seized
SCI-TECH & ENVIRONMENTicon  17/06/2020 

A large number of traps used for hunting wild animals on Son Tra Peninsular have been seized in the central city of Danang.

Youths among Vietnamese people who have switched to used phones
Youths among Vietnamese people who have switched to used phones
SCI-TECH & ENVIRONMENTicon  16/06/2020 

The use of second-hand mobile phones is a growing trend, including among youths, because of their reasonable prices and the lack of need for many technologies in high-priced new phones.

Instagram 'will overtake Twitter as a news source'
Instagram 'will overtake Twitter as a news source'
SCI-TECH & ENVIRONMENTicon  16/06/2020 

Photo-sharing app Instagram is set to overtake Twitter as a news source, research suggests.

Coronavirus: Alarm over 'invasive' Kuwait and Bahrain contact-tracing apps
Coronavirus: Alarm over 'invasive' Kuwait and Bahrain contact-tracing apps
SCI-TECH & ENVIRONMENTicon  16/06/2020 

Kuwait and Bahrain's apps put users' privacy and security at risk, Amnesty International says.

 
 
 
Leave your comment on an article

OR QUICK LOGIN